Page 15 - MEOG Week 02 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global a previous allowance of 3.9 bcm.
(NRG), in which the reader is invited to join Groningen is the largest gas field in Europe
our team of international editors, who provide a outside Russia, but the Netherlands has been
snapshot of some of the key issues affecting their steadily winding down its output following years
regional beats. of earthquakes caused by production activities.
We hope you enjoy NRG’s new concise for-
mat, but by clicking on the headline link for each FSUOGM: Kazakhstan rolls back reforms
section the full text will be available as before. Kazakhstan has reimposed fuel price caps fol-
lowing its worst unrest since declaring inde-
AfrOil: Nigerian firms may bid for SPDC pendence in the early 1990s to a bid to quell
Five Nigerian independents have shown inter- protests.
est in joining Shell Petroleum Development Co. Anti-government protests and subsequent
(SPDC), a joint venture that operates 19 onshore riots have swept across the Central Asian coun-
oil and gas licences in the southern part of the try in recent days in response to a hike in fuel
country. prices, namely for LPG.
Industry and banking sources told Reuters
last week that at least five Nigerian independents GLNG: Novatek signs Arctic LNG 2 deals
have indicated that they will submit offers for Russia’s Novatek announced on January 11 that
Royal Dutch Shell’s 30% stake in SPDC before it had struck separate long-term supply agree-
the end of January. ments with two Chinese companies – Zhejiang
Provincial Energy Group and ENN Natural Gas.
AsianOil: Bohai becomes top Chinese field Both deals entail LNG being supplied from
The Bohai cluster offshore China has overtaken Novatek’s Arctic LNG 2 project, which is under
Daqing to become the country’s largest produc- construction and scheduled to start production
ing oilfield. in 2023.
According to state news agency Xinhua, out-
put from Bohai hit 30.132mn tonnes (602,640 LatAmOil: Ecuador lifts force majeure
barrels per day) in 2021, edging out the onshore The government of Ecuador has lifted a declara-
Daqing, which produced 30mn tonnes (600,000 tion of force majeure on exports of crude via the
bpd) last year. country’s two main pipeline systems.
Energy Minister Juan Carlos Bermeo made
DMEA: Refining in sight at Cabinda a formal announcement on Quito’s move to end
The first of Angola’s three planned refineries is force majeure on January 6, saying that the oil
set to begin operations this year, following a final industry had taken sufficient action to mitigate
investment decision by its British backer in late the threat of soil erosion that led to a 20-day
2020. shutdown in December.
Meanwhile, a group of investors that last
April leased a 49% stake in Saudi Aramco’s oil NorthAmOil: Enterprise to buy Navitas
pipeline business has hired Citi and JPMorgan Enterprise Products Partners announced this
to help it refinance a loan arranged to support week that it had agreed to acquire Navitas Mid-
the deal. stream Partners from an affiliate of Warburg
Pincus for $3.25bn.
EurOil: Groningen quota set to double The deal will expand Enterprise’s presence
The Dutch government said on January 6 that it into the Permian Basin’s Midland sub-basin,
expected to increase the amount of gas permit- where the company does not currently have gas
ted to be produced at the Groningen field in the or natural gas liquids (NGLs) operations other
current gas year to 7.6bn cubic metres, up from than downstream pipelines.™

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